GE begins divestment of Baker Hughes with $2.7 billion share sale

September 12, 2019 admin Business News Comments Off on GE begins divestment of Baker Hughes with $2.7 billion share sale

General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

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Source:: Reuters – Business News